|
|
|
"I saved thousands of dollars on taxes because of the Enterprise Zone Hiring Credit. I used the money I saved to remodel my store." |
|
 Mitch Zomorodian
Owner Subway Store | |
|
|
|
Enterprise Zone
The Hiring Credit allows a business located in the Enterprise Zone to save State tax dollars when eligible employees are hired. Over a five-year period, you can save up to $26,890 per employee.
Work Opportunity Tax Credits
General tax credits are available to businesses that employ individuals from target groups. These include recipients of Temporary Aid to Needy Families – TANF. Save up to $2,400 per employee in the first year.
Welfare-to-Work Tax Credit
This federal tax credit is available for hiring individuals who are determined to be 'long-term' recipients of Temporary Aid to Needy Families (TANF). This credit allows you to save up to $8,500 per employee over a two-year period.
A Career Transition Center representative will collect all the appropriate information and actually handle the paperwork necessary.
For more information on tax credits call Ray White (562) 570-3842.
To learn about other tax credits available go to http://cms.longbeach.gov/bdc/programs/113ez.htm
|
